Will the ECB buy corporate bonds?

The small rumor that the ECB is thinking about buying corporate bonds next year excited markets yesterday. Even though the institution denies the rumor, the Ibex had its fourth-best day of trading, rising 2.39%.

The ECB should pay attention to moves like this, which show that the market pays attention to its moves. Now, Draghi is not likely to sit on his hands and watch a third recession wreck Europe. The ECB's governance board, with permission from Germany, should rise to the occasion in November and invest in the future of the region's economy.